Chinese investment projects raise environmental concerns in Africa

Chinese investment projects, including the Belt and Road Initiative (BRI), have proven vulnerable to environmental concerns in Africa, as Chinese infrastructure companies continue to hamper the ecological balance of fragile areas in different parts. of the continent, according to Di Valerio Fabbri writing in Geopolitica.info. As China’s quest to seize control of the African continent gathers momentum, economic aid to underdeveloped and developing countries on the continent has always been an inescapable strategy for Beijing.

Chinese state-owned companies in Mozambique had promised high returns by buying indigenous timber, but it was later discovered that the Chinese companies had avoided the process of investing in extractive processing facilities, Geopolitica.Info reported. Several projects carried out by China in underdeveloped countries have been widely condemned by local communities in Africa as they have accused the country of using its BRI project to destroy ecological ecosystems in their desire to extract oil, coal , metals and wood.

The demand for stopping Chinese projects that were deteriorating the fragile regions of the continent is also raised by the communities. Another example where in Ghana a bauxite mining deal was postponed by the government with a Chinese state subsidiary named Sinohydro Corp due to the threats it posed to the local environment and livelihoods as it was exploitative in nature.

The Kenyan government has also halted a $2 billion project with a Chinese company to build a coal-fired power plant after residents and environmental groups protested the construction would endanger a UNESCO World Heritage site. , reported Geopolitica.Info. Beijing’s massive investments in the African continent do not stem at all from their motivation to develop the underdeveloped continent, but rather the communist nation’s strategy is to economically destabilize the host country due to the ever-increasing Chinese debt on which they end up depending. to carry out infrastructure projects.

Over the years, the Chinese government has tended to extend the repayment period for these distressed loans, a practice known in the financial industry as “deferral and sham”. Over the years, China has managed to attract more countries to expand its influence, but when it comes to the future of the Belt and Road Initiative, a senior researcher and debt expert says sovereign at the Council on Foreign Relations think tank. (ANI)

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

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